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Sep 4, 2012
09/12
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michelle obama is most important. the two most popular figures in the democratic party are michelle obama and bill clinton. it's no cept the surprise one id tonight and one is tomorrow night. i think it's important to communicate. it's been an advantage the president has and it's had over governor romney throughout this campaign, even inspite of the abc poll, until i see further evidence will consider a bit of anouan outlier and the presidens better liked than governor romney. and romney's own people, they will never be competitive at that level with president obama. if they're going to win this race, they have to win it onç other issues,ç the economy and his perceived confidence in business. >> woodruff: what about the most of the mayor of san antonio, not a national name, chosen to give the keynote address. >> there was a state governor from illinois more strings than castro just eight years ago. i think it highlights not the importance over sang tony or even the great state of texas of latinos and hispanic vote
michelle obama is most important. the two most popular figures in the democratic party are michelle obama and bill clinton. it's no cept the surprise one id tonight and one is tomorrow night. i think it's important to communicate. it's been an advantage the president has and it's had over governor romney throughout this campaign, even inspite of the abc poll, until i see further evidence will consider a bit of anouan outlier and the presidens better liked than governor romney. and romney's own...
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Sep 2, 2011
09/11
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i think president obama's proposal is well targeted. when we started the recession, there were eight million construction workers using hammers. now there are six million. we have two million underemployed or unemployed construction worksers. they should be building schools, fixing highway hoys and are jobs that could be created if congress approves the program. others are not as attractive. paying people more in unemployment insurance will not create jobs. it will make people feel better but it will not add to the workforce. i would say in terms of providing tax credits for business, that has a mixed record. during the carter administration, they tried a version of this, of giving business tax breaks for hiring folkes, and the weight of evidence is is it did some good but the bang for the buck was not terrific. so none of these ideas are really new. some are better than others, but none of them are going to really all by themselves pull us out of this recession. >> susan: and them it's one thing to propose ideas and it's another thing
i think president obama's proposal is well targeted. when we started the recession, there were eight million construction workers using hammers. now there are six million. we have two million underemployed or unemployed construction worksers. they should be building schools, fixing highway hoys and are jobs that could be created if congress approves the program. others are not as attractive. paying people more in unemployment insurance will not create jobs. it will make people feel better but...
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Aug 28, 2012
08/12
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president obama doesn't get this. he can't fix the economy because he gn doesn't know how it was built. so in 70 days when the american people walk into the voting booth, what should we do? should throw him out. because we can do better, we can do a lot better. and it starts with throwing out the politician who doesn't get it and electing a new precede whpresidentwho does. mitt romney comes from a family of builders. his father built houses, built businesses, built industry. george romney was a can-do kind of guy and he was fond of the whole saying that when things are at their worst, that's just the place and the time that the tide will turn. well delegates, this is that time and this is that place. [cheers and applause] we're here to preserve this country the same way we built it, by exercising our god-given right to set a new course. so who wetter t better to turn e than a man dead gated his career for doing just that, for the stage and businesses and olympic games. president romney, boy i like the sound of that. p
president obama doesn't get this. he can't fix the economy because he gn doesn't know how it was built. so in 70 days when the american people walk into the voting booth, what should we do? should throw him out. because we can do better, we can do a lot better. and it starts with throwing out the politician who doesn't get it and electing a new precede whpresidentwho does. mitt romney comes from a family of builders. his father built houses, built businesses, built industry. george romney was a...
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Sep 14, 2009
09/09
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stocks turned choppy as traders took in president obama's wall street speech. his comment that the economy is returning to normal appeared to inspire some buying this afternoon. >> susie: back now to our top story, president obama, wall street and the financial crisis. i turned to two prominent washington and wall street watchers for their analysis: glenn hubbard, dean of columbia university graduate school of business and former economic advisor to president george w bush and alan blinder. professor of economics at princeton and former vice chairman of the federal reserve. i began the discussion by asking glenn for his reaction to president obama's speech. >> first of all, the president was absolutely right to use this anniversary as a chance to talk about the need for financial regulatory reform. there's much to be done in turn of systemic risk regulation, capital add qa kaes and transparency. unfortunately the president's own proposals didn't add up to that but his themes were exactly right. >> susie: that's exactly right. the president is really pushing har
stocks turned choppy as traders took in president obama's wall street speech. his comment that the economy is returning to normal appeared to inspire some buying this afternoon. >> susie: back now to our top story, president obama, wall street and the financial crisis. i turned to two prominent washington and wall street watchers for their analysis: glenn hubbard, dean of columbia university graduate school of business and former economic advisor to president george w bush and alan...
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Feb 13, 2013
02/13
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waiting for president obama's speech. now despite a cautious day of trading, the dow closed at its highest level in more than five years, and returned to the psychological important 14,000 level. the dow gained 47 points, and the nasdaq lost five, and the s&p 500 up two points. even though the stock market has made dramatic moves, and trading volume today and throughout february has been light. market pros say that's because investors are searching for new reasons to buy equities. there's a chance president obama might give them some tonight in his state of the union address. suzanne pratt has the story. >> reporter: with earnings season winding down, wall street could use some new headlines to chew on. good economic data would be nice. friendly washington politics would also be helpful. tonight's state of the union speech might give investors a clue as to whether that's likely to happen. veteran trader teddy weissberg is hoping president obama will stress the need for bipartisanship but isn't sure that's what he'll hear.
waiting for president obama's speech. now despite a cautious day of trading, the dow closed at its highest level in more than five years, and returned to the psychological important 14,000 level. the dow gained 47 points, and the nasdaq lost five, and the s&p 500 up two points. even though the stock market has made dramatic moves, and trading volume today and throughout february has been light. market pros say that's because investors are searching for new reasons to buy equities. there's a...
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Oct 4, 2012
10/12
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>> tom: it was right back to the campaign trail today for president obama and mitt romney. the president went on the attack after what's been perceived as a lackluster debate performance. and the president accused governor romney of not telling americans the truth about what president obama calls romney's $5 trillion tax plan. darren gersh, tonight, looks at what the real impact of the romney tax plan could be on the american economy. >> reporter: here's where the president gets that $5 trillion number he used again today. governor romney's plan to cut tax rates by 20% would add up to about $5 trillion over ten years, assuming no other changes. but governor romney is planning to make other changes by eliminating tax deductions worth about the same amount. but the president is accurate when he says governor romney is making many promises in his tax plan. romney says upper-income people will not get a net tax cut; middle-income people will not see their taxes go up; incentives for savings and investment won't be touched; the estate tax and alternative minimum tax will be elim
>> tom: it was right back to the campaign trail today for president obama and mitt romney. the president went on the attack after what's been perceived as a lackluster debate performance. and the president accused governor romney of not telling americans the truth about what president obama calls romney's $5 trillion tax plan. darren gersh, tonight, looks at what the real impact of the romney tax plan could be on the american economy. >> reporter: here's where the president gets...
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Sep 6, 2011
09/11
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obama lose his focus. the reality is that his big problem may not be growth, but rather america's 75 million owner-occupied houses, 65% of which have a mortgage. if he introduces measures to help the quarter of these mortgages which are drowning in negative equity, he risks alienating the millions of hard- working voters who have diligently kept their heads above water. but if he does not fix the mortgage problem, the economy may languish for years. president obama is damned if he does, or doesn't, on housing. no wonder he'd rather talk about jobs. i'm stuart kirk. >> tom: that's "nightly business report" for tuesday, september 6. i'm tom hudson. good night everyone, and good night to you too, susie. >> susie: good night tom. i'm susie gharib. good night everyone. we hope to see all of you again tomorrow night. "nightly business report" is made possible by: this program was made possible this program was made possible by contributions to your pbs station from viewers like you. captioning sponsored by wpbt
obama lose his focus. the reality is that his big problem may not be growth, but rather america's 75 million owner-occupied houses, 65% of which have a mortgage. if he introduces measures to help the quarter of these mortgages which are drowning in negative equity, he risks alienating the millions of hard- working voters who have diligently kept their heads above water. but if he does not fix the mortgage problem, the economy may languish for years. president obama is damned if he does, or...
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Nov 14, 2012
11/12
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traders are waiting to hear what happens at an important white house meeting on friday between president obama and congressional leaders. they will be talking about ways to solve the so-called "fiscal cliff" dilemma. investors appear cautious about making any big moves until they know whether the cliff will trigger increases in capital gains and dividend taxes. the dow fell almost 59 points, the nasdaq lost 20, and the s&p was down five. meanwhile, in washington, congress returned to work for the first time since september. lawmakers face a long "to-do list," and getting a deal on that fiscal cliff is right at the top. darren gersh reports. >> reporter: it was freshman welcome day in washington. senate republican leader mitch mcconnell lost ground in the election, but he posed for the cameras with the three new senators who will be joining his side of the aisle in january. in the house, minority leader nancy pelosi beamed as she presented the new faces adding to democratic ranks in the coming congress. given what awaits these new lawmakers in january, you might wonder why they want the job. it
traders are waiting to hear what happens at an important white house meeting on friday between president obama and congressional leaders. they will be talking about ways to solve the so-called "fiscal cliff" dilemma. investors appear cautious about making any big moves until they know whether the cliff will trigger increases in capital gains and dividend taxes. the dow fell almost 59 points, the nasdaq lost 20, and the s&p was down five. meanwhile, in washington, congress returned...
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Jan 19, 2010
01/10
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this is an area that president obama, as you know, has really been promoting. is this going to be a growth sector for sfwhen >> clean energy is certainly an interesting area for investors to think about. the problem is finding pure plays. the sector will grow, there's no question between environmental consciousness and higher price of conventional energy, clean energy will be part of our future. how to play it from an investment point of view is very difficult. it's pieces of companies. exxon, for example, has lots of clean technology, but it's about this big in the sum of the whole company. >> reporter: any other stocks you single out? >> solar is a name that often cocomes to people's mind. when we talk about this space, that could be a play that could be interesting if you want to play this space. >> susie: you're staying away from housing stocks even if the administration does something more to encourage home buying. what's your thinking on this? >> the home building sector is a different one. we think from an economic standpoint houses are bottoming in pric
this is an area that president obama, as you know, has really been promoting. is this going to be a growth sector for sfwhen >> clean energy is certainly an interesting area for investors to think about. the problem is finding pure plays. the sector will grow, there's no question between environmental consciousness and higher price of conventional energy, clean energy will be part of our future. how to play it from an investment point of view is very difficult. it's pieces of companies....
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Jul 22, 2011
07/11
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that's what president obama and leader boehner have talked about. that's the group of senators the gage of six proposed this week. it's really the only thing to fix our debt situation. given where we are right now i think it's actually becoming increasingly likely we have to have a temporary debt ceiling increase before we can come up with any negotiated outcomes. all three of those scenarios are hard to get for both sides to find any agreement. even though the president says he doesn't want a temporary debt ceiling increase i think we mayor be headed in that direction. >> susie: some people suggested even before the latest developments this afternoon, even if there were going to be a debt deal on august 2nd that the ratings agency could still follow through with a down grade on u.s. government debt. now if there's going to be a temporary deal or short-term arrangement, what are the chances of a down grade. >> this is really a tough line with the rating agencies. it's been quite clear that the u.s. needs to lift the debt ceiling but needs to do more
that's what president obama and leader boehner have talked about. that's the group of senators the gage of six proposed this week. it's really the only thing to fix our debt situation. given where we are right now i think it's actually becoming increasingly likely we have to have a temporary debt ceiling increase before we can come up with any negotiated outcomes. all three of those scenarios are hard to get for both sides to find any agreement. even though the president says he doesn't want a...
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Jan 27, 2010
01/10
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. >> tom: and the warning to congress and president obama: the red ink could double over the next decade. you're watching "nightly business report" for tuesday, january 26. this is "nightly business report" with susie gharib and tom hudson. "nightly business report" is made possible by: this program is made possible by contributions to your pbs station from viewers like you. thank you. >> susie: good evening, everyone. $6 trillion: that's how big the deficit will be over the next ten years. $1.3 trillion of it hits us this year. it's $4500 of dealt for every man, whom and child in the united states. >> susie: so it's no wonder he called it daunting. and it's going to be daunting for president obama too to explain to the american public how he's going to cut that deficit and create jobs at the same time. stephanie dhue reports. >> reporter: c.b.o. directors aren't known for hyperbole. the man in the job now, doug elmendorf, is blunt. >> the outlook for the federal budget is bleak. >> reporter: that's why president obama is expected to use tomorrow's state of the union speech to propose a
. >> tom: and the warning to congress and president obama: the red ink could double over the next decade. you're watching "nightly business report" for tuesday, january 26. this is "nightly business report" with susie gharib and tom hudson. "nightly business report" is made possible by: this program is made possible by contributions to your pbs station from viewers like you. thank you. >> susie: good evening, everyone. $6 trillion: that's how big the...
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Sep 5, 2012
09/12
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and we will have that under barak obama. in thenq 21st century global economy, prosperity requires leaders committed to creating good jobs by investing in our future, in our ports, roads, bridges, airports, energy, and telecommunications and in our public schools. leaders who are serious about rebuilding our manufacturing economy, leaders like barak obama and joe biden. and we know that the wealthiest and most powerful among us, those who have benefited most in recent years, must do their part to help rebuild america. deep prosperity requires economic security. and we will stand with leaders who strengthens and protects social security and medicare and medicaid, not those who plan to cut benefits that working people paid for, earned and are counting on. prosperity requires democracy. starting with the essential right of everyone in this great country to a voice, both at the ballot box and at the workplace. the right to solve problems together. and to climb the ladder to the middle class the old-fashioned way through hard wor
and we will have that under barak obama. in thenq 21st century global economy, prosperity requires leaders committed to creating good jobs by investing in our future, in our ports, roads, bridges, airports, energy, and telecommunications and in our public schools. leaders who are serious about rebuilding our manufacturing economy, leaders like barak obama and joe biden. and we know that the wealthiest and most powerful among us, those who have benefited most in recent years, must do their part...
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Nov 7, 2012
11/12
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polls show that president obama and governor romney are in a tight race. ultimately, voters in a few key states will have the final say on who wins the white house. florida is one of those important battleground states. tom is in miami with more. tom. >> tom: susie, florida is the biggest swing state prize with the most electoral votes up for grabs. the economy, healthcare and immigration all are on display here with florida's diverse and growing population. voters in south florida today packed their umbrellas for the hot sun, and patience in some precincts. it's been a tight race in the sunshine state. compared to four years ago, it was a harder time deciding whom to vote for, for her. >> this time it came to the nitty gritty, they were fighting about real things, jobs, health care and i think they both have very good points. >> reporter: for her the decision came down to health care and medical insurance coverage, supporting president obama's effort to reform the industry. but natalie felt differently. >> there's a lot of changes in health care that real
polls show that president obama and governor romney are in a tight race. ultimately, voters in a few key states will have the final say on who wins the white house. florida is one of those important battleground states. tom is in miami with more. tom. >> tom: susie, florida is the biggest swing state prize with the most electoral votes up for grabs. the economy, healthcare and immigration all are on display here with florida's diverse and growing population. voters in south florida today...
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Jul 5, 2010
07/10
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anna olson, "nightly business report," washington. >> tom: the obama administration is still working on getting an energy bill passed, and the president says he's confident that will happen this year. after the catastrophic spill that followed the explosion aboard the deepwater horizon on april 20, the president ordered a six-month moratorium on new deep water drilling in the gulf of mexico. although a judge later ruled against that action, there are questions as to what the spill will mean for the longer-range energy picture. here to discuss that with us-- and the energy outlook in the year's second half-- is tim evans, energy futures analyst at citi futures perspective. welcome to nightly business report. >> thanks for having me on the show. >> trading between 70 side to 90 on the high side. does it stay in that range the rest of the year? >> i think we could see a downside test. we still have inventories running 3-4% higher than a year ago. demand has picked up but it's still running about 6.5% below the 2007 peak levels in the u.s., so there may be some downside vulnerability ove
anna olson, "nightly business report," washington. >> tom: the obama administration is still working on getting an energy bill passed, and the president says he's confident that will happen this year. after the catastrophic spill that followed the explosion aboard the deepwater horizon on april 20, the president ordered a six-month moratorium on new deep water drilling in the gulf of mexico. although a judge later ruled against that action, there are questions as to what the...
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Jan 22, 2010
01/10
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captioning sponsored by wpbt >> susie: president obama says he's ready for a fight with the nation's biggest banks. he wants to clamp down on their risky business. >> we cannot accept a system in which shareholders make money on these operations if the bank wins, but taxpayers foot the bill if the bank loses. >> tom: the move hits financial stocks and the rest of the market. coming up, reaction from washington to wall street. you're watching "nightly business report" for thursday, january 21. this is "nightly business report" with susie gharib and tom hudson. "nightly business report" is made possible by: this program was made possible by contributions to your pbs station from viewers like you. thank you. >> susie: good evening everyone. president obama proposed today tough new rules on the nation's biggest banks, restricting their size and their activities. tom, he said the plan would limit quote "reckless risks". >> tom: susie, that announcement from the president in washington reverberated on wall street. investors dumped stocks; the dow tumbled 213 points and the nasdaq lost 25,
captioning sponsored by wpbt >> susie: president obama says he's ready for a fight with the nation's biggest banks. he wants to clamp down on their risky business. >> we cannot accept a system in which shareholders make money on these operations if the bank wins, but taxpayers foot the bill if the bank loses. >> tom: the move hits financial stocks and the rest of the market. coming up, reaction from washington to wall street. you're watching "nightly business report"...
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Aug 10, 2010
08/10
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late today, president obama signed a $26 billion aid bill into law. hours earlier, in a special session of congress, house lawmakers approved it. the measure provides $10 billion to save teaching jobs and $16 billion to pay medicaid bills, without adding to the deficit. but republicans, like california congressman jerry lewis, voted against it, saying americans are sick and tired of government bailouts. >> the voters do not want us to throw money, more money, at the nation's problems, yet that is exactly what this bill does. it's time, mr. speaker, to put uncle sam on a diet, and put an end to the congressional spending spree. >> suzanne: meanwhile, in florida's biggest school system, the state aid bill will save hundreds of teaching jobs. miami-dade is also the nation's fourth largest public education group, with 342,000 students in over 400 facilities. the county's been hit hard by a drop in tourism, and falling property values. school superintendent alberto carvalho says, in florida, children are victims of the recession. >> we are at a point where
late today, president obama signed a $26 billion aid bill into law. hours earlier, in a special session of congress, house lawmakers approved it. the measure provides $10 billion to save teaching jobs and $16 billion to pay medicaid bills, without adding to the deficit. but republicans, like california congressman jerry lewis, voted against it, saying americans are sick and tired of government bailouts. >> the voters do not want us to throw money, more money, at the nation's problems, yet...
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Feb 14, 2013
02/13
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there were some reassuring words from president obama last night. what do you think will really happen coming march 1st? >> i think the march 1st sequestration will hit, and that means there will be across the board fiscal cuts. and massive tax increases could have taken place, but sequestration won't put us into a recession, but it takes a little of the edge off for things starting to look a little better in our economy. >> susie: you mentioned a moment ago about our economy muddling through and that was one of your 10 predictions back in january and you talked about the stock market grinding higher. are you making any changes on those predictions? >> not really, susie. the economy -- it is only february -- is muddling through. that's about all we can say for it. the stock market in january galloped higher. it didn't grind higher. i think that could have been the best month of the year, not that we won't see higher highs from here. in fact, our view is we'll hit a new all-time high. but it is not going to be a straight line. bull markets don't go s
there were some reassuring words from president obama last night. what do you think will really happen coming march 1st? >> i think the march 1st sequestration will hit, and that means there will be across the board fiscal cuts. and massive tax increases could have taken place, but sequestration won't put us into a recession, but it takes a little of the edge off for things starting to look a little better in our economy. >> susie: you mentioned a moment ago about our economy...
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Jan 25, 2011
01/11
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all eyes will be on president obama tomorrow night. that's when the president will deliver his second state of the union speech. and tom, there's a lot riding on what he tells the american people. >> tom: susie, the president will discuss a wide range of issues, but with all the concerns about jobs, the deficit and the weak housing market, the economy is sure to top the list. >> susie: here's darren gersh with a preview of what to expect. >> reporter: in a youtube preview, the president made it clear obama the pro business centrist will be standing before congress tomorrow night, and the key focus will be restoring american competitiveness. >> to do that, we're going to have to out-innovate, we're going to out-build, we're going to have to out-compete, we're going to have to out-educate other countries. that's our challenge. >> reporter: if that competitiveness agenda sounds familiar, it should. the country has been talking about it, off and on, for more than 20 years. howard rosen began working on competitiveness policy in the early 9
all eyes will be on president obama tomorrow night. that's when the president will deliver his second state of the union speech. and tom, there's a lot riding on what he tells the american people. >> tom: susie, the president will discuss a wide range of issues, but with all the concerns about jobs, the deficit and the weak housing market, the economy is sure to top the list. >> susie: here's darren gersh with a preview of what to expect. >> reporter: in a youtube preview, the...
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2.0K
Jul 8, 2009
07/09
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more funding today for president obama's ambitious healthcare reform plan. the nation's hospitals agreed to give up $155 billion in medicare and medicaid payments over the next ten years to help pay for the plan. vice president joe biden announced the agreement at the white house, saying the administration's overhaul of health care is "on track, it is coming." the administration is pushing for a comprehensive bill to be signed in the fall. stephanie dhue reports. >> reporter: the $155 billion the obama administration has wrung out of hospitals sounds like a lot. but that's over a decade. and $45 billion less than the administration was looking for. vice president joe biden says hospitals will make up for the lower payments. >> as more people are insured, hospitals will bear less of the financial burden of caring for the uninsured and underinsured, and we'll reduce payments to cover those costs, in tandem with that reduction. >> reporter: the agreement is contingent on health reform becoming law. the pharmaceutical industry has made a similar agreement, and w
more funding today for president obama's ambitious healthcare reform plan. the nation's hospitals agreed to give up $155 billion in medicare and medicaid payments over the next ten years to help pay for the plan. vice president joe biden announced the agreement at the white house, saying the administration's overhaul of health care is "on track, it is coming." the administration is pushing for a comprehensive bill to be signed in the fall. stephanie dhue reports. >> reporter:...
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Jul 9, 2009
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so how are you going to sell the obama plan to the american public? >> well, i think americans who have coverage right now know that they're a day, a month, ayear away from losing that coverage because it's unaffordable or they can lose their job or their family can have an existing held condition and be locked out of the market. so no one is safe. those who are unhered need access to the system. those who are hered are within precarious stems of losing that health coverage. the comprehensive reform is about everybody, it's also about changing from the sickness care that we have to wellness care and a truly healthier america. >> susie: can you really pay for national health care without some kind of tax increase? >> i think right now congress is coming to the table with payment plans. the president put on the table for congress to consider about $660 billion worth of savings, money that we're spending right now in the current system that can be redirected. and then about $330 million in revenue raisers. and his prefered approach is to look at the item
so how are you going to sell the obama plan to the american public? >> well, i think americans who have coverage right now know that they're a day, a month, ayear away from losing that coverage because it's unaffordable or they can lose their job or their family can have an existing held condition and be locked out of the market. so no one is safe. those who are unhered need access to the system. those who are hered are within precarious stems of losing that health coverage. the...
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Oct 9, 2009
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obama was 25 to 1, with apparently few takers. he is the third sitting president to win the award after woodrow wilson and theodore roosevelt. and paul, the president says he will donate the $1.4 million dollar prize money to charity. >> paul: well, like the president, i was surprised. but congratulations are in order >> absolutely. don't forget monday we're likely to see the winner of the nobel prize for economicking. >> suzanne: that's "nightly business report" for friday, october 9. i'm suzanne pratt. good night, everyone, and have a great weekend. you, too, paul. >> paul: good night, suzanne. i'm paul kangas, wishing all of you the best of good buys. "nightly business report" is made possible by: this program was made possible by contributions to your pbs station from viewers like you. thank you. captioning sponsored by wpbt captioned by media access group at wgbh access.wgbh.org we are pbs. >> we are pbs. caption test caption test caption test connecting marylanders to their government since 1981,
obama was 25 to 1, with apparently few takers. he is the third sitting president to win the award after woodrow wilson and theodore roosevelt. and paul, the president says he will donate the $1.4 million dollar prize money to charity. >> paul: well, like the president, i was surprised. but congratulations are in order >> absolutely. don't forget monday we're likely to see the winner of the nobel prize for economicking. >> suzanne: that's "nightly business report" for...
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Sep 14, 2011
09/11
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we'll see how it stacks up against president obama's proposal. wal-mart launched an ambitious initiative today to help women all around the world. the giant retailer will double the money it spends with women- owned businesses here in the u.s. and will also double the amount it pays international suppliers that are run by women. wal-mart plans to help train and educate nearly half a million women overseas and in the u.s. the announcement comes three months after the u.s. supreme court dismissed a gender bias case against wal-mart. >> tom: should the uncle sam invest taxpayer dollars in promising-- but risky-- startup firms? the issue was on full display today at a congressional hearing. house republicans say the obama administration's eagerness to deliver economic stimulus may have influenced a federal review of a loan to now-bankrupt solyndra. white house e-mails show the administration had concerns about the loan. the solar energy company received a $535 million government loan, only to land in bankruptcy court. >> susie: more now on employment
we'll see how it stacks up against president obama's proposal. wal-mart launched an ambitious initiative today to help women all around the world. the giant retailer will double the money it spends with women- owned businesses here in the u.s. and will also double the amount it pays international suppliers that are run by women. wal-mart plans to help train and educate nearly half a million women overseas and in the u.s. the announcement comes three months after the u.s. supreme court dismissed...
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Jun 6, 2013
06/13
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and china will be one of the topics president obama will discuss with china's president xi when they meet tomorrow in california. our guest tonight says a lot is riding on the two-day meeting and could make a fresh start in the relationship between the u.s. and china. you know, bonnie, there has been such a buildup about this meeting of people saying it's a crucial meeting for the u.s. and china. what are the risks and opportunities to have this meeting? what can we expect to come out of it? >> this is indeed a very important meeting. i think there are real opportunities for the two leaders to express their concerns directly to each other, their expectations to try and identify some areas where they can cooperate in ways that they can benefit both of their country's economies. i think on the agendas of both . th. . pertaining to market access for their companies. they are interested in expanding trade, and president obama will be particularly concerned to talk . . . that have cost american companies a great deal in the stealing of intellectual property. >> you know, i would say intel
and china will be one of the topics president obama will discuss with china's president xi when they meet tomorrow in california. our guest tonight says a lot is riding on the two-day meeting and could make a fresh start in the relationship between the u.s. and china. you know, bonnie, there has been such a buildup about this meeting of people saying it's a crucial meeting for the u.s. and china. what are the risks and opportunities to have this meeting? what can we expect to come out of it?...
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Dec 1, 2009
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the obama administration wants to turn the tide when it comes to foreclosures, so it's turning up the heat on mortgage servicers to help borrowers keep their homes. >> susie: if you went to the mall this weekend, you know shoppers were buying. but investors started buying retail stocks months ago. we'll look at why shares of retailers are doing so well. >> paul: union leaders will be among president obama's guests at thursday's white house summit on jobs. tonight, we ask the a.f.l./c.i.o.'s damon silvers how his union will help the president create jobs. >> susie: when it comes to investing, do you follow the herd? coming up, surprising evidence on what makes you choose the stocks you choose. >> paul: i'm paul kangas. >> susie: and i'm susie gharib. this is "nightly business report" for monday, november 30. "nightly business report" is made possible by: this program is made possible by contributions to your pbs station from viewers like you. thank you. captioning sponsored by wpbt >> susie: good evening, everyone. tough action today from the white house to stop the pace of foreclosure
the obama administration wants to turn the tide when it comes to foreclosures, so it's turning up the heat on mortgage servicers to help borrowers keep their homes. >> susie: if you went to the mall this weekend, you know shoppers were buying. but investors started buying retail stocks months ago. we'll look at why shares of retailers are doing so well. >> paul: union leaders will be among president obama's guests at thursday's white house summit on jobs. tonight, we ask the...
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Jun 24, 2010
06/10
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i think president obama did the exact right thing to lead him. and putting a leader like general petraeus on the ground that the american people have confidence in, because the biggest issue is not general mcchrystal but how the war is prosecuted. >> what about tony hayward he seemed to take responsibility? he pent in front of congress and said i feel a great sense of responsibility for the accident. he said that in front of congress under oath, and general mcchrystal hasn't denied the harsh comments, saying before he resigned it was a mistake reflecting poor judgment and should have never happened. why do you think these two people at the top of their industries were so unprepared? >> well, i think that mr. hayward was not really prepared for the big environment of the public eye. he's a very good operator, he's done a good job in the past for bp, but the company needed to make a lot of changes. he didn't make them fast enough, to reenforce maintenance and safety practices and frankly make a lot more invested in their systems. they took risks an
i think president obama did the exact right thing to lead him. and putting a leader like general petraeus on the ground that the american people have confidence in, because the biggest issue is not general mcchrystal but how the war is prosecuted. >> what about tony hayward he seemed to take responsibility? he pent in front of congress and said i feel a great sense of responsibility for the accident. he said that in front of congress under oath, and general mcchrystal hasn't denied the...
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Mar 17, 2011
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. >> president obama works to ease fears at home saying the u.s. is not at risk from the radiation. >> susie: japan's disaster is raising questions about u.s. nuclear liability and the yen's continued surge as we continue our coverage of the japanese crisis. you're watching nightly business report for thursday, march 17th. >> this is nightly business this is "nightly business report" with susie gharib and tom hudson. "nightly business report" is made possible by: this program is made possible by contributions to your pbs station from viewers like you. thank you. >> tom: good evening, thanks for joining us tonight. president obama said today japan's nuclear crisis won't affect the united states, susie. >> susie: you know, tom, the president spoke this afternoon from the white house rose garden and said he doesn't expect a nuclear radiation to be a risk for people inside the unite states. >> i want to be very clear. we do not expect harmful levels of radiation to reach the united states, whether it's the west coast, hawaii, alaska or u.s. territories
. >> president obama works to ease fears at home saying the u.s. is not at risk from the radiation. >> susie: japan's disaster is raising questions about u.s. nuclear liability and the yen's continued surge as we continue our coverage of the japanese crisis. you're watching nightly business report for thursday, march 17th. >> this is nightly business this is "nightly business report" with susie gharib and tom hudson. "nightly business report" is made...
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Aug 7, 2009
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president obama today signed off on the additional money, approved by the senate last night. the measure extends the program that burned through a billion dollars in its first week. so far, over 200,000 people have taken the government offer, getting $4,500 off a new fuel efficient vehicle for scrapping gas guzzlers. >> meanwhile general motors has geared up for a potential public offering of shares sometime next year. the auto maker says 2.5 billion shares would be common stock and a billion preferred. no date has been set for the offering. g.m. plans to keep disclosing reports as if it was public. the heads of the senate banking and budget committees, chris dodd and kent conrad, were cleared of wrongdoing today for accepting sweetheart deals on home loans. the senate ethics committee's year long investigation found the loans did not violate the gifts rule because they were available to a wide variety of borrowers with comparable credit histories. but the panel scolded the two democrats for not being more careful to avoid the appearance of preferential treatment. both receiv
president obama today signed off on the additional money, approved by the senate last night. the measure extends the program that burned through a billion dollars in its first week. so far, over 200,000 people have taken the government offer, getting $4,500 off a new fuel efficient vehicle for scrapping gas guzzlers. >> meanwhile general motors has geared up for a potential public offering of shares sometime next year. the auto maker says 2.5 billion shares would be common stock and a...
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Oct 3, 2012
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from recent college grads to president obama, their future might look more certain if companies really ramped up hiring. economists say there's too much uncertainty on the horizon for that to happen any time soon. the good news is that firms have stopped cutting jobs. the bad news is they're still too nervous to hire more than a handful of new workers. friday, economists predict the september employment report will show a modest 113,000 new positions were added, barely better than august. still, some believe current data underestimates what's really happening with hiring. >> the perception of the labor market is probably more like a world where we're adding 150,000 jobs a month, which isn't good, but certainly better than the numbers are printing which is only around 100,000 or so. >> reporter: anecdotal evidence supports that assessment too. this new york staffing firm primarily places workers in administrative jobs, and says it's finding the market surprisingly strong. today, good candidates are quickly turning temporary positions into full time jobs. >> i'd say it's really good. i'd
from recent college grads to president obama, their future might look more certain if companies really ramped up hiring. economists say there's too much uncertainty on the horizon for that to happen any time soon. the good news is that firms have stopped cutting jobs. the bad news is they're still too nervous to hire more than a handful of new workers. friday, economists predict the september employment report will show a modest 113,000 new positions were added, barely better than august....
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May 27, 2010
05/10
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. >> suzanne: president obama says his administration, not oil giant b.p. is calling the shots when responding to the worst oil spill in u.s. history. >> tom: the president also outlined new regulations for energy companies including extending a ban on some offshore oil drilling. you're watching "nightly business report" for thursday may 27th. >> this is "nightly business report" with susie gharib and tom hudson. nightly business report is made possible by:. >> there's a world of investment opportunities out there. spotting them takes experts on the ground. assessing potential's firsthand. templeton, a pioneer in global investing for over 50 years. gain from our perspective. >> and by exxon mobile. this program is made possible by contributions to your pbs station from viewers like you. thank you captioning sponsored by wpbt >> tom: good evening, thanks for joining us, susie gharib is off tonight, su zane pratt joins me, president obama today defended the federal government's response to the national oil disaster in the gulf of meck co. >> suzanne: but he a
. >> suzanne: president obama says his administration, not oil giant b.p. is calling the shots when responding to the worst oil spill in u.s. history. >> tom: the president also outlined new regulations for energy companies including extending a ban on some offshore oil drilling. you're watching "nightly business report" for thursday may 27th. >> this is "nightly business report" with susie gharib and tom hudson. nightly business report is made possible...
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Jun 8, 2012
06/12
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., president obama calls on congress to pass his jobs plan. we will look at the president's scorecard on job creation. and does america's failing financial literacy hurt the economy? that and more tonight on "n.b.r." >> reporter: i'm erika miller in new york. all around the globe, investors will be paying close attention this weekend to see if spain requests billions to bailout its banks. many spanish banks are in trouble because of bad real estate loans. the country's unemployment rate is nearly 25%, making it increasingly difficult for many spaniards to pay their mortgages. if spain needs help, it would mark a new low in the european financial crisis. although greece, ireland and portugal have already received bailouts, spain's economy is much bigger. >> spain's debt is essentially bigger than all of the other three combined. and the other issue with spain, also, because of its size-- if a country as big as spain gets bailed out, then the question is who is next? >> reporter: there's no way of knowing how much spain could ask for in aid. but
., president obama calls on congress to pass his jobs plan. we will look at the president's scorecard on job creation. and does america's failing financial literacy hurt the economy? that and more tonight on "n.b.r." >> reporter: i'm erika miller in new york. all around the globe, investors will be paying close attention this weekend to see if spain requests billions to bailout its banks. many spanish banks are in trouble because of bad real estate loans. the country's...
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Mar 12, 2011
03/11
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obama said the emergency supplies were not needed now. here's the good news. the global community can manage supply disruptions like this. other oil-producing nations have committed to filling any gaps and we will continue to coordinate closely with our international partners to keep all options on the table when it comes to any supply disruptions. here at home, energy analyst guy caruso says, by talking up the strategic petroleum reserve, the president was sending a signal to speculators who think oil prices can only go up. >> what he is saying is no, no, no. if we think the market is tightening, it needs liquidity or more barrels, we're prepared to do it and do it quickly. >> the president is also asking the justice department to look out for any price gouging. but with few signs of a quick turnaround in crude prices, the president acknowledged what so many consumers are feeling. >> we can talk all we want in the abstract about world oil markets; what they're concerned about is, this is money out of my pocket. >> critics say the obama administration's restri
obama said the emergency supplies were not needed now. here's the good news. the global community can manage supply disruptions like this. other oil-producing nations have committed to filling any gaps and we will continue to coordinate closely with our international partners to keep all options on the table when it comes to any supply disruptions. here at home, energy analyst guy caruso says, by talking up the strategic petroleum reserve, the president was sending a signal to speculators who...
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Nov 2, 2012
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i mean, certainly the obama administration would have wanted to see these relatively strong job numbers three months ago because the standard sort of political wisdom is that you need about six months of job improvement for people to actually feel better and for the incumbent to benefit. this good news is coming a little late for the president. it's ironic, whoever wins is going to inherit an improving job market. >> tom: of course it comes plenty of early voting already under way across the united states. in washington, d.c. tonight, it's our bureau chief, darren gersh. >> reporter: thanks, tom. >> tom: still ahead, the new york city marathon is cancelled. what it means for advertisers of this world class event. that encouraging employment report didn't do much for stocks on wall street. stocks opened higher, but sellers took over. the dow closed down 139 points, the nasdaq lost almost 38 points, the s&p closed off 13. for the week, the dow fell 0.1%. the nasdaq was down 0.2%. the s&p gained 0.2% this week. we'll talk more about the markets a little later in the program with our friday
i mean, certainly the obama administration would have wanted to see these relatively strong job numbers three months ago because the standard sort of political wisdom is that you need about six months of job improvement for people to actually feel better and for the incumbent to benefit. this good news is coming a little late for the president. it's ironic, whoever wins is going to inherit an improving job market. >> tom: of course it comes plenty of early voting already under way across...
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Oct 2, 2013
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. >> the leadership bipartisan is meeting with president obama tonight. we'll see whether they can make any progress, but it looks like both sides digging in for awhile, at least a couple weeks until we get to the debt ceiling deadline. >> so jeff, we shouldn't hold our breathe something will come from the meeting tonight? where is this going? how will it end? >> the ad machine statiadminist sufficient volume and intensity that he will put on the floor a clean extension of government funding, and then begin the negotiation process. the challenge is, of course, the president said he wants that done on the debt limit, as well. that's difficult for the speaker to do. i suspect that we'll get that debt ceiling raised, but it will be a wild roller coaster ride until we do. >> john, do you think this will become the norm in the future, budget negotiations downed road, where we talk about the debt ceiling and things are not germane to the budget itself, adding all of these things to the negotiations before we can actually get our resolutions going, our spending.
. >> the leadership bipartisan is meeting with president obama tonight. we'll see whether they can make any progress, but it looks like both sides digging in for awhile, at least a couple weeks until we get to the debt ceiling deadline. >> so jeff, we shouldn't hold our breathe something will come from the meeting tonight? where is this going? how will it end? >> the ad machine statiadminist sufficient volume and intensity that he will put on the floor a clean extension of...
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Apr 22, 2010
04/10
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a big speech today from president obama in new york city. he urged wall street executives to help reform the nation's financial system. >> susie: tom, the president was speaking at manhattan's cooper union college, not far from the new york stock exchange. he outlined some of the changes he wants to see: measures to prevent reckless risk taking, and more power for shareholders. >> tom: president obama also called for what he calls common sense rules that will protect consumers. >> in the end, our system only works, our markets are only free, when there are basic safeguards that prevent abuse, that check excesses, that ensure that it is more profitable to play by the rules than to game the system. and that is what the reforms we've been proposing are designed to achieve. no more, no less. >> tom: from trading desks to the floor of the new york stock exchange, lots of ears and eyes closely monitored the president's remarks. suzanne pratt was at the big board to hear what traders were saying. >> reporter: many on wall street were bracing today
a big speech today from president obama in new york city. he urged wall street executives to help reform the nation's financial system. >> susie: tom, the president was speaking at manhattan's cooper union college, not far from the new york stock exchange. he outlined some of the changes he wants to see: measures to prevent reckless risk taking, and more power for shareholders. >> tom: president obama also called for what he calls common sense rules that will protect consumers....
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Nov 6, 2012
11/12
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so jeffing i'm sure a lot of people are asking you is obama on romney better for the markets. and what dow say, without is better for stocks? >> well, it's complex answer because it really matters what the whole complexion of washington looks like t really comes down in many cases to who wins in the senate. do we have a gop sweep with a romney win or do you still have a democratic senate that can really change the complexion of what this lame duck lex looks like and what the status quo election may lend itself to a quick res luig of a lame duck session so a lot depends not just on the without wins the oval office but its next two years in congress looks like. >> susie: so talk us through that. let's say president o ba am a wins the election but you have republicans dominating in congress. what does that mean for the stock market. and vice versa, if romney becomes president romney and he has a democratic congress, if he has to grapple with. >> i will service its second one first, if romney has to deal with a democratic congress, really a democratic senate the house probably sta
so jeffing i'm sure a lot of people are asking you is obama on romney better for the markets. and what dow say, without is better for stocks? >> well, it's complex answer because it really matters what the whole complexion of washington looks like t really comes down in many cases to who wins in the senate. do we have a gop sweep with a romney win or do you still have a democratic senate that can really change the complexion of what this lame duck lex looks like and what the status quo...
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Sep 6, 2012
09/12
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stocks are at their highest point since president obama took office. still, many americans are asking themselves if they're better off now than they were four years ago. investors are looking at their financial statements as a guide. but as erika miller explains, that doesn't necessarily mean americans are feeling better about their economic situation. >> reporter: four years ago, the financial crisis was getting worse and the global economy falling off a cliff. so it's no wonder many americans are feeling better about their financial situation now versus four years ago. >> i'm better off right now than i was four years ago by a long shot. >> i feel more comfortable, because i'm older, i have more of a vision of what i want for my future. >> reporter: but others say they're worse off, especially those living paycheck to paycheck or out of work. >> three years ago, i had a job. i've been disemployed for a year now. >> reporter: and plenty of other americans aren't exactly sure where they stand. >> i don't know if i have a lot to base it on; i'm just a c
stocks are at their highest point since president obama took office. still, many americans are asking themselves if they're better off now than they were four years ago. investors are looking at their financial statements as a guide. but as erika miller explains, that doesn't necessarily mean americans are feeling better about their economic situation. >> reporter: four years ago, the financial crisis was getting worse and the global economy falling off a cliff. so it's no wonder many...
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Nov 17, 2012
11/12
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president obama and congressional leaders got off to a good start in their first round of negotiations. the president met with congressional leaders who emerged later to say they want to move quickly to prevent automatic spending cuts and tax increases from tanking the economy at the first of the year. but as darren gersh reports, what we are not yet clear about is whether either side is willing to give up enough to get the job done. >> reporter: in washington, they think carefully about the pictures they want to present to the public so this mattered. all four congressional leaders-- democrats and republicans-- after meeting with the president chose to face the cameras together. that hardly ever happens and it reflects the new post-election mood of cooperation. house speaker john boehner called the meeting very constructive. >> i outlined a framework that deals with reforming our tax code and reforming our spending. and i believe the framework that i've outlined in our meeting today is consistent with the president's call for a fair and balanced approach. >> reporter: to republican le
president obama and congressional leaders got off to a good start in their first round of negotiations. the president met with congressional leaders who emerged later to say they want to move quickly to prevent automatic spending cuts and tax increases from tanking the economy at the first of the year. but as darren gersh reports, what we are not yet clear about is whether either side is willing to give up enough to get the job done. >> reporter: in washington, they think carefully about...
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Jul 20, 2010
07/10
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the house is expected to take up the measure tomorrow, and send it to president obama's desk next week. >> tom: democrats and republicans both agreed the benefit extension was needed, but they disagreed on how to pay for its $34 billion cost. as it stands, new borrowing will pay for the measure. >> what we do not support and we make no apologies for this is borrowing tens of billions of dollars to pass this bill when the national debt is spinning completely out of control. >> tom: there are almost five million americans getting a weekly unemployment compensation check, and every week, wall street tracks initial claims for unemployment to get a feel for the job market. but what about people who have used up their benefits? that number hasn't gotten much attention. there is a limit on unemployment insurance and, as darren gersh reports, many people have hit it. >> reporter: the official figures will tell you there are 1,371,000 people like randy moe. >> i was unemployed, laid off, august 15, 2008, and collected benefits till about six weeks ago. >> reporter: that's because moe hit the li
the house is expected to take up the measure tomorrow, and send it to president obama's desk next week. >> tom: democrats and republicans both agreed the benefit extension was needed, but they disagreed on how to pay for its $34 billion cost. as it stands, new borrowing will pay for the measure. >> what we do not support and we make no apologies for this is borrowing tens of billions of dollars to pass this bill when the national debt is spinning completely out of control. >>...
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Aug 6, 2009
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coming up, our interview with christina romer, president obama's top economic advisor. >> there will have to be a very clear dividing line, clearly, between the government's role and the private sectors role. >> susie: the regulator in charge of fannie mae and freddie mac considers the future of the mortgage giants. we hear from the federal housing finance authority's james lockhart. >> paul: while retailers have been promoting "back to school" sales for over a month, the buying bonanza hasn't materialized. the latest retail reports show consumers are still holding tight to their wallets. microsoft says "windows 7" is ready to go. how does it compare with the competition and is it worth the upgrade. our tech guru has a preview. i'm paul kangas. >> susie: and i'm susie gharib. this is "nightly business report" for thursday, august 6. "nightly business report" is made possible by: this program was made possible by contributions to your pbs station from viewers like you. thank you. >> susie: good evening, everyone. a more upbeat projection on the job market from two wall street powerhou
coming up, our interview with christina romer, president obama's top economic advisor. >> there will have to be a very clear dividing line, clearly, between the government's role and the private sectors role. >> susie: the regulator in charge of fannie mae and freddie mac considers the future of the mortgage giants. we hear from the federal housing finance authority's james lockhart. >> paul: while retailers have been promoting "back to school" sales for over a...
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Sep 19, 2011
09/11
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. >> susie: president obama unveils his plan to trim the deficit and boost the economy. treasury secretary timothy geithner joins us to explain why it's good for the economy. it's "nightly business report" for monday, september 19th. this is "nightly business report" with susie gharib and tom hudson. "nightly business report" is made possible by: this program is made possible by contributions to your pbs station from viewers like you. thank you. captioning sponsored by wpbt >> susie: good evening everyone. tom hudson is on assignment. president obama today unveiled a plan to cut the nation's deficit by $3.5 trillion over the next decade. almost half of that will come from tax increases, including a new tax on millionaires. we'll get analysis from two u.s. treasury secretaries, past and present-- timothy geithner and former secretary george shultz. but first, the president's latest proposal to get america's economy back on track. >> this is not class warfare, it's math. the money is going to have to come from someplace. >> one place is by closing corporate tax loopholes.
. >> susie: president obama unveils his plan to trim the deficit and boost the economy. treasury secretary timothy geithner joins us to explain why it's good for the economy. it's "nightly business report" for monday, september 19th. this is "nightly business report" with susie gharib and tom hudson. "nightly business report" is made possible by: this program is made possible by contributions to your pbs station from viewers like you. thank you. captioning...
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Aug 13, 2012
08/12
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, markets may find the immediate impact is not too different than what would happen under president obama. another market focus is what happens immediately after the election. >> if romney got elected and ryan was part of the reason for that, then that postpones the fiscal cliff decisions until early next year, that is at the start of a romney administration. increasingly, we are looking at one way or another most of those fiscal cliff policies actually going into effect and then being revised early in january. >> reporter: for stocks, a romney-ryan win looks mixed. the odds of a corporate tax cut would go up, but the chances of getting more help from the federal reserve might go down. >> ryan has tangled with bernanke, been critical of the quantitative easing programs, so expect a much more hawkish fed under a romney/ryan administration than under a second term obama administration. >> reporter: one thing is clear, by picking ryan, governor romney has clearly focused the election on budget deficits and the size of government. whether that is good or bad for markets depends on whether you
, markets may find the immediate impact is not too different than what would happen under president obama. another market focus is what happens immediately after the election. >> if romney got elected and ryan was part of the reason for that, then that postpones the fiscal cliff decisions until early next year, that is at the start of a romney administration. increasingly, we are looking at one way or another most of those fiscal cliff policies actually going into effect and then being...
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Jul 22, 2009
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president obama will tell the nation tonight that health care reform is central to repairing the economy. if it fails, the president warns your insurance premiums and out of pocket costs will skyrocket. health care reform is bogging down in congress, and tonight's news conference is part of an effort to get it back on track. but as darren gersh reports, the key unanswered question is still how to control costs. >> reporter: with negotiations over health care reform in intensive care, house democrats like xavier becerra stressed the need to cut costs in a system everyone agrees is inefficient. >> in a two and a half trillion dollar system, you should be able to find the savings you need to pay for any reform. >> reporter: health care experts do agree on where to find a chunk of those savings. starting with medicare, where more efficient delivery of services could save more roughly $120 billion a year. reducing the employer tax incentive to offer health insurance, some $250 billion a year, would also save money by forcing businesses to seek out more efficient health plans, hospitals and do
president obama will tell the nation tonight that health care reform is central to repairing the economy. if it fails, the president warns your insurance premiums and out of pocket costs will skyrocket. health care reform is bogging down in congress, and tonight's news conference is part of an effort to get it back on track. but as darren gersh reports, the key unanswered question is still how to control costs. >> reporter: with negotiations over health care reform in intensive care,...
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Sep 17, 2012
09/12
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republican candidate mitt romney accuses president obama of playing nice with china. many see this action as a chance for the president to look tough before the november election. >> there's nothing really new about the trade allegations that have taken place. the timing is political opportunist for both sides however, this is not an indication that the us and china are headed to a trade war, and this is not an indication that either side takes trade enforcement lightly. this is simply a taking a trade issue and framing for a moment of political convenience for both sides. >> reporter: sean west of the eurasia group says when it comes to the w.t.o. rules, the u.s. and china both get as close to the lines as possible and aren't scared to file complaints when the other one goes too far. sylvia hall, "n.b.r.," washington. >> susie: meanwhile, general motors and the u.s. treasury are throwing water on a report in today's wall street journal, that said the automaker is pressing uncle sam to sell its stake in g.m. the government owns more than 26% of g.m. it received the sh
republican candidate mitt romney accuses president obama of playing nice with china. many see this action as a chance for the president to look tough before the november election. >> there's nothing really new about the trade allegations that have taken place. the timing is political opportunist for both sides however, this is not an indication that the us and china are headed to a trade war, and this is not an indication that either side takes trade enforcement lightly. this is simply a...
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Sep 12, 2012
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many hispanic businesses say they're disappointed by obama's handling of the economy, healthcare and immigration. diane eastabrook has more. >> reporter: alfonso silva's biscuits and cookies have been making mouths water in chicago's pilsen neighborhood for three decades. but in recent years he's seen a drop off in customers. >> sometimes it's okay, but sometimes it's very bad because of the economy. >> reporter: boarded up storefronts throughout pilsen reflect the toll the sour economy has taken on hispanic businesses in chicago and across the nation. unemployment is part of the problem. in august the jobless rate among hispanics was 10.2%. almost 2% points higher than the overall rate. >> because of the level of unemployment people are not spending as they were in previous years and that certainly is going to hurt a business that deals directly with consumers. >> reporter: deportation is another problem. the u.s. has deported roughly 400,000 illegal aliens over the past four years, and experts say thousands of others have left on their own. that means fewer customers for some latin
many hispanic businesses say they're disappointed by obama's handling of the economy, healthcare and immigration. diane eastabrook has more. >> reporter: alfonso silva's biscuits and cookies have been making mouths water in chicago's pilsen neighborhood for three decades. but in recent years he's seen a drop off in customers. >> sometimes it's okay, but sometimes it's very bad because of the economy. >> reporter: boarded up storefronts throughout pilsen reflect the toll the...
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does he stay as the chief economic advisor to president obama or does he move on? >> i think he will stay as the head of the national economic council. the right-hand man for the president in terms of economic policy. i think he might at one point have wanted that fed chairman's job, but i think bernanke did a good enough job in handling the credit crisis and championship to deserve to be -- and -- deserved to be nominated. >> susie: we'll leave it there. thank you so much for coming on the program. >> susie: my guests tonight, laurence meyer, former fed governor, and now vice chairman, macroeconomic advisers and david jones, c.e.o. of d.m.j. advisors. >> paul: on wall street, news of the fed chairman's reappointment combined with positive economic data to send stocks sharply higher at the open, the dow jumping 110 points and the nasdaq rising 21 points in the first hour of trading. a profit taking pullback was cushioned by reports of rising home prices and stronger than expected august consumer sentiment. more on those reports in a moment. so by noon the dow was s
does he stay as the chief economic advisor to president obama or does he move on? >> i think he will stay as the head of the national economic council. the right-hand man for the president in terms of economic policy. i think he might at one point have wanted that fed chairman's job, but i think bernanke did a good enough job in handling the credit crisis and championship to deserve to be -- and -- deserved to be nominated. >> susie: we'll leave it there. thank you so much for...
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May 25, 2010
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president obama will get a firsthand look at the oil spill in the gulf of mexico and friday. he will be travelling to louisiana to survey the damage. b.p. says it is looking at seven what it calls areas of focus that could have caused the blast last month, killing workers and spewing oil into the water. and a report shows several employees who oversaw offshore drilling accepted sports tickets, meals and gifts from oil and gas companies. >> tom: dell is rolling out a new computer to compete with apple's ipod. it includes a phone and camera. it will run on google's android operating system. it comes to the u.s. later this summer. dell will also be the first major firm to take on apple's larger ipad. the ipad goes on sale internationally on friday. >> susie: we've been reporting recently about the euro getting weaker, and the dollar getting stronger. so what does it all mean for american businesses? trade between the u.s. and europe, and you, the consumer? well, suzanne pratt shopped for some answers at a big apple institution. >> at murray's cheese shop in new york city, 60% of
president obama will get a firsthand look at the oil spill in the gulf of mexico and friday. he will be travelling to louisiana to survey the damage. b.p. says it is looking at seven what it calls areas of focus that could have caused the blast last month, killing workers and spewing oil into the water. and a report shows several employees who oversaw offshore drilling accepted sports tickets, meals and gifts from oil and gas companies. >> tom: dell is rolling out a new computer to...
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Sep 26, 2013
09/13
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john, president obama was also out speaking today. what did we learn from him? >> he said he was not going to negotiate, the very thing that john boehner was reacting to, which is why that race to avoid a shutdown was kind of like a race with cement shoes on. nobody moved. there was no action in the estimate. we're still waiting to see a final resolution of the extended government spending in the senate, then kick it back to the house. john boehner said today that he's not even going to address as a speculative thing what the house is going to do when that bill comes back. unless they pass it by monday, we're going to have a shutdown. >> so mr. boehner might not want to speculate. i'm going to force you to. if that bill comes back to the house without the shutdown or the defunding of obama care in it, what are the republicans likely to do? are they likely to send the spending bill back to the senate that has some sort of condition attached to it? >> you know, i think, tyler, that they may focus their energy so much on the debt limit bill that they decide to let
john, president obama was also out speaking today. what did we learn from him? >> he said he was not going to negotiate, the very thing that john boehner was reacting to, which is why that race to avoid a shutdown was kind of like a race with cement shoes on. nobody moved. there was no action in the estimate. we're still waiting to see a final resolution of the extended government spending in the senate, then kick it back to the house. john boehner said today that he's not even going to...
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Apr 30, 2013
04/13
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i think president obama will have plenty of options as he starts to weigh this decision in the months ahead. >> it does sound like janet yellin is the front-runner from the people we've been hearing from. tell me, do you think when it does come time for the federal reserve to pull the stimulus out of the economy, and let's say she is the fed chief, what kind of job do you think she'll do? because it's a very tricky -- it's a very tricky exit strategy to have to executes here. >> yeah, you know, the politics, the technical stuff is one side. you raise interest rates? can you sell off this bond portfolio they've accumulated? $3 trillion a huge task. but have i more confidence in their ability to handle the technical aspects than i do making the right decision. when do you begin this exit? when does the time that inflation is a risk, financial bubbles are a risk and now is the time to raise interest rates to sell off this bond portfolio? that's going to be the trillion dollar question. that's the big challenge for the next fed chair is getting that moment right and getting the pa pace an
i think president obama will have plenty of options as he starts to weigh this decision in the months ahead. >> it does sound like janet yellin is the front-runner from the people we've been hearing from. tell me, do you think when it does come time for the federal reserve to pull the stimulus out of the economy, and let's say she is the fed chief, what kind of job do you think she'll do? because it's a very tricky -- it's a very tricky exit strategy to have to executes here. >>...
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Sep 23, 2010
09/10
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it's now on the way to president obama's desk. the bill establishes a $30 billion fund to help banks lend to small businesses, and cut taxes on american companies, big and small. >> tom: still ahead, blockbuster enters chapter 11 bankruptcy protection. will it lead to a new chapter in the retailer's life? some answers in tonight's "market focus." >> susie: house republicans unveiled today a new agenda of policy recommendations. they're calling it their "pledge to america." house minority leader john boehner is leading the effort, and says it's time to end the spending spree in washington. the pledge vows to permanently extend the bush tax cuts, even for wealthy americans; canceling unspent stimulus money-- about $260 billion; and repealing the obama health care reforms, replacing them with republican proposals. boehner says the changes offer americans a "new way forward". >> government is out of control in washington, and we need to rein it in and begin a new drive for a smaller, less costly, and more accountable government in our
it's now on the way to president obama's desk. the bill establishes a $30 billion fund to help banks lend to small businesses, and cut taxes on american companies, big and small. >> tom: still ahead, blockbuster enters chapter 11 bankruptcy protection. will it lead to a new chapter in the retailer's life? some answers in tonight's "market focus." >> susie: house republicans unveiled today a new agenda of policy recommendations. they're calling it their "pledge to...
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Feb 26, 2010
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. >> tom: and with that, president obama kicked off a last-ditch effort to bring republicans and democrats together on health reform. but tensions still ran high during the marathon meeting. >> here we are having a conversation about creating a new entitlement program that will bankrupt this country, and it will bankrupt our country. >> susie: this small business owner and this physician overseeing a large hospital system give us their reaction to the health care summit. you're watching "nightly business report" for thursday, february 25. this is "nightly business report" with susie gharib and tom hudson. "nightly business report" is made possible by: this program was made possible by contributions to your pbs station from viewers like you. thank you. >> tom: good evening, everyone. more clashes than consensus today in washington on what to do about health care reform. president obama played host and referee between democrats and republicans at a health care summit that's being called "historic". >> susie: tom, they talked and talked for over seven hours. the debate was intense, but civil.
. >> tom: and with that, president obama kicked off a last-ditch effort to bring republicans and democrats together on health reform. but tensions still ran high during the marathon meeting. >> here we are having a conversation about creating a new entitlement program that will bankrupt this country, and it will bankrupt our country. >> susie: this small business owner and this physician overseeing a large hospital system give us their reaction to the health care summit....